McEwen Mining Inc. (MUX)
TNR Gold royalty project Los Azules advances as McEwen Copper secures $240M term loan
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) said Thursday that McEwen Copper Inc. has closed a $240 million senior secured four-year term loan to advance the Los Azules copper, gold and silver project in San Juan, Argentina, a project on which TNR holds a 0.4% net smelter returns royalty.
McEwen Inc.: The Gold Bar Miss Is Fixable, The Copper Is Free
McEwen is rated BUY with a $31 target, driven by long-term asset growth and copper exposure. MUX's investment thesis centers on production ramping from 115,700 oz in 2025 to up to 300,000 oz by 2030, with minimal dilution. Los Azules copper project represents significant optionality; 46% stake and royalty are not fully priced in at current levels.
McEwen Q2 Earnings Call Highlights
McEwen NYSE: MUX said its second-quarter operational performance fell short of expectations, citing lower production and elevated costs, while management outlined steps to improve recoveries at its Gold Bar mine and advance the Los Azules copper project toward a final investment decision.
McEwen Inc. (MUX) Q2 2026 Earnings Call Transcript
McEwen Inc. (MUX) Q2 2026 Earnings Call Transcript
McEwen: When Copper Optionality Starts To Matter
MUX gives investors exposure to Los Azules, a large and increasingly de‑risked copper project whose NPV is very sensitive to higher copper prices. The company's gold portfolio (Gold Bar, Fox, San José and, soon, El Gallo) is already generating cash and is expected to drive steady production growth toward 2030. A potential IPO of McEwen Copper and a final investment decision on Los Azules are major upcoming catalysts that could help unlock more of the project's value in the share.
McEwen Inc. (MUX) Shareholder/Analyst Call Transcript
McEwen Inc. (MUX) Shareholder/Analyst Call Transcript
McEwen Boosts Financial Strength With San Jose Dividend Payout
MUX receives a $49.4M San Jose Mine dividend, lifting 2026 payouts above expectations and supporting expansion and balance-sheet goals.
TNR Gold highlights royalty position as McEwen Copper taps Societe Generale for Los Azules financing
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) said that McEwen Copper has retained Societe Generale as sole financial advisor for project debt financing at the Los Azules copper project in Argentina, a development the royalty holder called a significant step toward construction. TNR holds a 0.4% net smelter returns royalty on Los Azules, which is owned by McEwen Copper, a company 46.3% held by McEwen Mining Inc (TSX:MUX, NYSE:MUX).
Wall Street Analysts Think McEwen (MUX) Could Surge 28.72%: Read This Before Placing a Bet
The consensus price target hints at a 28.7% upside potential for McEwen (MUX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
McEwen Q1 Earnings Call Highlights
McEwen NYSE: MUX reported a sharp first-quarter turnaround and outlined plans to expand gold production while advancing its large copper project in Argentina, according to management comments on the company's first-quarter 2026 earnings call.
McEwen (MUX) Beats Q1 Earnings Estimates
McEwen (MUX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to a loss of $0.12 per share a year ago.
MUX : Buy A World-Class Copper Project, Get Gold Upside For Free
McEwen Inc. offers a compelling risk-adjusted opportunity, anchored by its world-class Los Azules copper project. The Los Azules project design makes it a uniquely ESG-differentiated asset, which is translating into blue-chip strategic investor support and immensely derisks the project financing. The combination of meaningful exploration potential and Rio Tinto's Nuton technology could make Los Azules a flagship 21st-century mine with premium pricing power for its low-carbon copper.
